Tuesday, November 16, 2021

Financial Post

Financial Post


Petroecuador grants fuel oil export contract to Trafigura

Posted: 16 Nov 2021 11:15 AM PST

BOGOTA -- Ecuador's state-owned oil company Petroecuador has awarded a contract to commodity trader Trafigura for exporting fuel oil, the volume of which will depend on how much it refines each year. Read More

British Utility Giant SSE Weighs Network Stake Sale, Renewable Push Amid Activist Pressure

Posted: 16 Nov 2021 10:56 AM PST

(Bloomberg) -- SSE Plc is considering selling a stake in its electricity-network assets as it grapples with pressure from activist investor Elliott Investment Management, people with knowledge of the matter said. Read More

Oil prices mixed on tight inventories, demand worries

Posted: 16 Nov 2021 10:51 AM PST

Oil prices were little changed on Tuesday, as prospects of tight inventories worldwide were offset by forecasts of a production increase in coming months and concerns over rising coronavirus cases in Europe. Read More

U.S. FDA authorizes virtual reality system for reducing back pain

Posted: 16 Nov 2021 10:47 AM PST

The U.S. Food and Drug Administration on Tuesday authorized a virtual reality (VR) system from Applied VR for reducing lower back pain after a majority of patients in a trial testing the device showed lesser discomfort. Read More

Judge overturns Trump decision to end tariff exemption for imported solar panels

Posted: 16 Nov 2021 10:46 AM PST

NEW YORK -- A U.S. judge overseeing trade issues on Tuesday overturned a decision by former President Donald Trump to allow reimposition of tariffs on some imported solar panels. Read More

Appnovation Included on the 2021 List of Best Workplaces™ in Technology

Posted: 16 Nov 2021 10:45 AM PST

VANCOUVER, Nov. 16, 2021 (GLOBE NEWSWIRE) -- Global digital consultancy Appnovation has been named on the 2021 list of Best Workplaces™ in Technology. This is the second consecutive year that Appnovation has been included on this list, after a thorough and independent analysis conducted by Great Place to Work®. Read More

Lynx Air rebrands as budget carrier, plans 2022 launch

Posted: 16 Nov 2021 10:44 AM PST

Canadian budget upstart Lynx Air said on Tuesday it will launch service in early 2022 with a former Australian airline executive as CEO and new Boeing 737 MAX jets, as leisure traffic rebounds after a COVID-19-induced slump. Read More

Labour market uncertainty makes Bank of Canada’s job more difficult

Posted: 16 Nov 2021 10:39 AM PST

The Bank of Canada has lost faith in the ability of the unemployment rate to predict the intensity of price pressures, an important shift that explains why Governor Tiff Macklem has been so wary of overreacting to the fastest inflation in decades. Read More

Zeb Nickel Corp.: Correction

Posted: 16 Nov 2021 10:35 AM PST

TORONTO, Nov. 16, 2021 (GLOBE NEWSWIRE) -- Zeb Nickel Corp. (the "Company") would like to correct an error in its press release of November 10, 2021 where the Company announce the granting of an aggregate of 2,785,000 stock options. The press release stated that the options are exercisable at $.025 per common share at any time until November 9, 2025. The exercise price of the options is $0.25 and not $.025. Read More

Bank of Canada deputy says rate hike may not come as soon as expected

Posted: 16 Nov 2021 10:34 AM PST

OTTAWA -- The Bank of Canada still expects economic slack to be absorbed in the middle quarters of 2022, but that does not necessarily mean in the second quarter, a deputy governor said on Tuesday, potentially dashing market hopes of an early rate hike. Read More

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